SEOUL/ROME, March 22 (Korea Bizwire) — Montenegro prosecutors have appealed a recent court ruling for the extradition of disgraced crypto mogul Do Kwon to his home country of South Korea to face trial on charges connected to the crash of cryptocurrencies. Kwon, the co-founder of the cryptocurrency firm Terraform Labs, is wanted both by South [...]
SEOUL, Mar. 22 (Korea Bizwire) – As the South Korean government finalizes plans to increase enrollment at medical schools by 2,000 students, a leading voice in the medical community has sounded the alarm about a potential exodus of aspiring doctors disillusioned with the changes. “Many residents are preparing for medical licensing exams in the United States [...]
SEOUL, Mar. 21 (Korea Bizwire) – The number of South Koreans opting to receive their national pension benefits before the official retirement age, despite incurring a financial penalty, has reached nearly one million, reflecting the economic struggles faced by many retirees. According to data from the National Pension Service released on March 20, the total number [...]
SEOUL, Mar. 21 (Korea Bizwire) – South Korea’s healthcare system is facing a significant challenge as a staggering 80.6% of nurses who resigned from hospitals in 2022 had less than five years of experience, according to an analysis by the Korean Nurses Association. The data, based on a survey conducted by the Hospital Nurses Association on [...]
SEOUL, Mar. 21 (Korea Bizwire) — The health ministry said Thursday it will begin suspending medical licenses of trainee doctors who have defied a return-to-work order from next week, as the government pushed ahead with its plan to hike the number of medical students. A monthlong walkout by trainee doctors in protest of the hike [...]
SEOUL, Mar. 21 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 households in South Korea have family members, primarily children, who do not consume kimchi, the traditional dish of fermented vegetables. As households increasingly rely on store-bought kimchi, there is a growing demand for clearer labeling regarding levels of spiciness and [...]
SEJONG, Mar. 21 (Korea Bizwire) – A striking trend has emerged in South Korea, with a sharp rise in the number of Korean women marrying Vietnamese men, prompting scrutiny into the underlying factors driving this phenomenon. Many of these Korean women were previously married to Korean men who had obtained South Korean citizenship after immigrating from [...]
WASHINGTON/ROME, Mar. 20 (Korea Bizwire) — An appeals court in the Balkan country of Montenegro finalized a decision Wednesday to have Do Kwon, the co-founder of the cryptocurrency firm Terraform Labs, be extradited to his home country, South Korea. In a statement on its website, the court said that it had rejected an appeal by [...]
SEOUL, Mar. 21 (Korea Bizwire) — The state-run Korea Electric Power Corp. (KEPCO), South Korea’s electricity monopoly, said Thursday it has decided to freeze electricity prices for the second quarter. In 2023, KEPCO raised the rates three times — by 13.1 won per kilowatt hour (kWh) in the first quarter, 8 won in the second [...]
SEOUL, Mar. 21 (Korea Bizwire) — The International Labour Organization (ILO) has dismissed a request by striking South Korean trainee doctors for intervention in the government’s back-to-work order, concluding that they are not recognized as a labor union eligible for the process, officials said Thursday. The labor ministry revealed the development after the Korean Intern [...]